Boskalis is raising its full-year net profit outlook to EUR 450 million.
At the publication of the first-half results, the full-year net profit was expected to amount to at least EUR 366 million. Due to the substantial close-out results realized on old dredging projects Boskalis has decided to raise its full-year earnings outlook.
This does not include a possible impact related to the value of the recently acquired stake in Fugro.
Boskalis has concluded a good third quarter. Revenue and earnings, adjusted to reflect the deconsolidation of SAAM SMIT Towage, are in line with the first two quarters of 2014.
Subsea Services had a busy period, particularly in the North Sea, with good equipment utilization rates.
Overall market conditions remain challenging. Despite this the order book has risen slightly, compared to the mid-2014 level, to EUR 3.3 billion, which is on par with the level at the start of the year.
“Based on current insights the second half of the year is expected to be good,” the company said.
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